multiplews choices..............................................................

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timer Asked: Dec 26th, 2014

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International Business Online textbook resources Go to http://highered.mcgraw-hill.com/sites/007811263x/student_view0/index.html (If this link doesn’t work, go to www.mhhe.com/ball13e and, in the Online Learning Center box, click Student Edition.) Choose a chapter in the left margin and you’ll have access to summaries, outlines, flashcards, quizzes, and other study aids. textbook, International Business: The Challenge of Global Competition, Thirteenth Edition, by Donald A. Ball, J. Michael Geringer, Michael S. Minor, and Jeanne M. McNett, Read in study guide: the textbook: Pages 22–49 Pages 50–80 Pages 178–200 Pages 82–109 Pages 224–247 Multiple choice 1-20 1. According to its advocates, one of the advantages of the gold standard is that it provides A. discipline. B. flexibility. C. monetary security. D. specie. 2. The organization established along with the IMF at the Bretton Woods meeting is the A. International Monetary Fund. B. World Bank. C. Bank for International Settlements. D. United Nations. 3. Inflation is generally measured by calculating the changes in A. exchange prices. B. the prices of a variety of goods and services. C. the balance of payments of 10 nations. D. interest rates. 4. Defining a standard unit of currency by its equivalent in gold is called A. par value. B. coinage. C. the gold standard. D. the price specie flow. 5. When market demand and supply regulate the exchange rate with intervention designed to moderate the rate of change, it's called a/an A. fixed peg. B. crawling peg. C. independent float. D. market method. 6. A/An _______ is all forces influencing the life and development of the firm. A. local population B. group pool C. environment D. foreign exchange 7. The Association of Southeast Asian Nations was formed to provide members with a A. plan for mutual protection and peaceful relations. B. common market. C. free trade area. D. way to join with China as a political force. 8. The IMF established the _______ as the principal reserve asset in the international monetary system. A. BOP account B. special drawing right C. gold standard D. capital account 9. An international business manager who bases decisions solely on his or her own experience or preference is using A. domestic standards. B. internalization theory. C. the self-reference criterion. D. controllable forces. 10. Decision making in the international environment is _______ in a purely domestic environment. A. about the same as B. less demanding than C. more complex than D. less complex than 11. _______ is an agreement among the countries that make up North America. A. WTO B. NAFTA C. EU D. OECD 12. When countries benefit from importing products requiring large amounts of their scarce production factors and export products requiring large amounts of their abundant production factors, they're exemplifying A. the theory of factor endowment. B. absolute advantage. C. the Leontief paradox. D. comparative advantage. 13. The _______, a collaboration of nations pooling money to lend to countries in debt, is associated with the United Nations. A. IBRD B. GATT C. IMF D. OECD 14. An evaluation of a country's economic and political risks made by a bank or potential investor is called a/an A. benchmark. B. stability appraisal. C. international credit score. D. country risk assessment. 15. An explanation of how a product begins as a country's export and later becomes an import is the theory of A. directional trade. B. international product life cycles. C. unfair retaliation. D. supply and demand. 16. In 2010, only 23 nations had GNIs greater than A. the sum of the combined sales of Ford and General Electric. B. the total sales of Exxon Mobil and Citigroup. C. Walmart's total annual sales. D. the sum of the GNIs of Japan, Germany, and France. 17. What is an economy of scale? A. As a plant gets larger, the average cost of producing a unit of output decreases. B. The price of scales exceeds the cost of producing them. C. The price of scales is lower than the cost of producing them. D. As a plant gets larger, the average cost of producing a unit of output increases. 18. Which of the following is not one of the primary criticisms of globalization? A. It's increased the number of children in the work force. B. It's had deleterious effects on labor and labor standards. C. It's produced uneven results across nations and peoples. D. It's contributed to a decline in environmental and health conditions. 19. Treasury and Central Bank representatives met in _______ at the end of World War II and established the IMF, the World Bank, and the gold exchange standard. A. Jamaica End of exam B. Diekirch C. Berlin D. Bretton Woods 20. The economic cooperation of the EU is most accurately described as a A. complete economic integration. B. customs union. C. common market. D. free trade are
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